The Registration Threshold Of Trust Industry Has Been Greatly Improved.

Reporters learned from a number of trust companies that the regulations set up the standards for the establishment of trust companies again, among which the minimum amount of registered capital increased from 300 million yuan to 1 billion yuan.

Reporters noted that as of now, 68 trust companies, there are still the Great Wall trust, Tibet trust, trust and so on 9 companies registered capital of less than 1 billion yuan.

According to the financial status, internal control and risk management level, the trust companies are divided into growth, development and innovation categories, and the business is carried out according to the principles of classified operation.

Among them, the growth trust companies are entrusted with the trust business of single capital trust, movable trust, real estate trust, securities trust and other property or property rights trust, but no collective fund trust business shall be carried out.

It is understood that the traditional channel business, on the one hand, has a small profit. On the other hand, it is under the influence of regulatory policy, the scale is shrinking dramatically, which means that growth trust companies will face great survival problems in the future.

Yuan Jiwei told reporters that the regulations specified for the first time the specific standards of classified operation and the corresponding business scope, which corresponded to the level of risk, asset management and compliance, which is conducive to the rational allocation of regulatory resources.

Once the regulations are implemented, the trust companies will be polarized, and the better and better, the worse the worse.

However, most companies should belong to development trust companies, and the proportion of growth and innovation companies should be small.

A researcher from a local trust company told reporters that before that, the regulatory authorities had issued a draft solicitation to the trust companies' regulatory ratings and classified supervision guidelines from various trust companies. The trust companies will be graded from 6 levels and three grades to trust companies from three aspects of risk management, asset management and compliance management, and trust companies will be restricted to carry out some businesses.

The regulations basically follow the consistent thinking of supervision, but the business scope of the division may still have to be discussed. Small businesses with weak businesses are very difficult to manage.

Although it is still stipulated in the ordinance that a trust company shall not set up branches, it may apply for the establishment of wholly-owned professional subsidiaries according to the needs of business development.

In this regard, Yuan Jiwei believes that the establishment of a subsidiary of a trust company is conducive to promoting the specialized operation of the trust company, realizing business specialization, product specialization and customer industry specialization.

For example, the industry mergers and acquisitions business,

Once the business is mature, the trust company can set up a professional subsidiary to operate better.

It is understood that the trust management companies are vigorously developing the field of wealth management, has been limited to the trust company can not carry out the provisions of the branch.

Not a few

Separate the wealth center from the group directly.

Ping An Trust, Xinhua trust, Lujiazui trust and so on are all the same.

According to the regulations, high-quality innovative trust companies will get "privileges", which can not only carry out all business of growth and development trust companies, but also invest "trust property" in financial derivatives such as stock index futures, carry out entrusted overseas financing business, and develop real estate trust investment fund business.

It is especially noteworthy that innovative trust companies can issue financial bonds and subordinated bonds.

This means that innovative trust companies can finance in the inter-bank bond market.

In addition, in April 10th, the CBRC issued the "implementation of the administrative licensing matters of trust companies (Draft)" for the first time, referring to the trust company's public offering of shares, indicating that the trust company's publicly issued shares are divided into initial public offering shares, backdoor listing and new three board listing.

Yuan Jiwei said that this is the first time in recent years that regulators have mentioned that trust companies can publicly issue shares, financial bonds and subordinated bonds, which is undoubtedly the greatest benefit of the latest regulatory policies.

This will change the current situation that trust companies can not be listed and can not be indebted, and will help improve the capital replenishment channels of trust companies.

Of course, the implementation of the policy needs to coordinate with the relevant departments and introduce relevant implementation rules.

But it is difficult to predict the relevant rules in the short term, and these capital replenishment channels can only be enjoyed by innovative companies.

But this is an important step in regulatory policy.